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  "documentTitle": "HSBC | Investor Day Presentation Deck | 24 slides",
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  "authorName": "HSBC",
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  "presentationDate": "2023-03-01 00:00:00",
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  "notes": "The slide explains the accounting mechanics for insurance contracts under IFRS 17, specifically highlighting the impact of VFA vs GMM on P&L volatility.",
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      "text": "The vast majority of HSBC insurance contracts will be measured under the 'Variable Fee Approach' (VFA), resulting in significantly lower P&L volatility",
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      "text": "The CSM liability represents unearned profit to be released to the P&L over time as services are provided. Losses are recognised immediately if groups of contracts become onerous.",
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